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Poster: bluedevil Date: Apr 10, 2014 2:14pm
Forum: GratefulDead Subject: Re: Bonus Discs

Why do you believe Rhino paid "the band" millions? It's a licensing agreement, of which I don't know the terms. Not trying to pick a fight - just curious as to how this deal went down as I'd love to see the particulars.

http://www.billboard.com/biz/articles/news/1352455/grateful-dead-rhino-enter-exclusive-deal

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Poster: elbow1126 Date: Apr 10, 2014 5:55pm
Forum: GratefulDead Subject: Re: Bonus Discs

I think they got paid pretty well and importantly their were annual minimums so they new at least how much money they would get upfront.

"It is also a lucrative and timely development for four musicians who are in deep middle-age, either 60 or over or close to it. While the terms of the deal were not disclosed, "it's a lot of money," said Tim Jorstad, a San Rafael-based accountant who is the Dead's chief financial officer in Marin.

"We negotiated a profit sharing with Rhino with some very large minimum payments each year," he said. "We have replaced their income, at one of their highest earning years, for 10 years. We are expecting to earn way more than the minimum payments, but at least these guys are very well protected. They're pleased that they have financial security for 10 years."

I think that is why Rhino likes the subscriptions and the limited releases. They know exactly what they need to do turn an acceptable profit.

http://www.marinij.com/ci_4136208

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Poster: bluedevil Date: Apr 10, 2014 6:25pm
Forum: GratefulDead Subject: Re: Bonus Discs

Thanks. That makes sense.

BTW, interesting David Fricke interview of Phil in new Rolling Stone.

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Poster: jerlouvis Date: Apr 10, 2014 3:07pm
Forum: GratefulDead Subject: Re: Bonus Discs

I read something years ago that seemed credible without providing actual figures that the band members received a large sum from the licensing agreement.I could be wrong as I based that statement on some cobbled together info with no factual basis and really should have not made it.

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